Export - Loan Guarantee/Insured Loans

The Export-Import Bank of the United States (Ex-Im Bank or the Bank) is an independent executive agency and a wholly-owned U.S. government corporation. Ex-Im Bank is the official export-credit agency of the United States. Its mission is to support U.S. exports by providing export financing through its loan, guarantee and insurance programs in cases where the private sector is unable or unwilling to provide financing or when such support is necessary to level the playing field due to financing provided by foreign governments to their exporters that compete with U.S. exporters. By facilitating the financing of U.S. exports, Ex-Im Bank helps companies create and maintain U.S. jobs.

Applicants and borrowers who are the direct beneficiaries of Ex-Im Bank Programs and must meet the applicant eligibility requirements, including but not limited to those relating to credit worthiness, financial history, economic feasibility of project, and operating history. Documents must evidence reasonable assurance of repayment.

To finance the export of goods and services made in the United States for the purpose of maintaining and creating U.S. jobs. Goods must comply with applicable "U.S. content" restrictions. Military or defense items are generally not eligible nor are sales to military buyers. There is no minimum transaction size. Support may not be available in certain countries. Support also may be unavailable for projects that are likely to cause substantial injury to U.S. industry or that would result in the production of substantially the same product that is the subject of specified trade measures.

Variable, depending on characteristics of the Transaction. Generally, working capital loans and short term insurance are approved for a one-year period. Loans and guarantees extended under the medium-term loan program typically have repayment terms of one to seven years, while loans and guarantees extended under the long-term loan program usually have repayment terms in excess of seven years.

Applications, including all necessary attachments, are to be mailed to Export-Import Bank of the United States, 811 Vermont Ave. NW, Washington, D.C. 20571. Applications for short-term and medium-term policies may be submitted electronically through Ex-Im On-line at www.exim.gov. Applicant is notified by authorization letter from Ex-Im Bank and/or the participating bank.

Goods and services financed must meet Ex-Im Bank U.S. content requirements. Ex-Im Bank must find a reasonable assurance of repayment. For more information, see Uses and Restrictions and Eligibility Requirements.

Depending on the size and/or nature of the transactions, approvals are granted by Ex-Im Bank staff, the Bank's Credit Committee, or the Bank's Board of Directors.

Range of Approval/Disapproval time is variable, depending on status and complexity of the transaction

Renewals and extensions of awards are possible.